Bitmex’s Hayes Avoids Imprisonment, Gets 2 years Probation, 6 Months House Arrest For Violating the US Bank Secrecy Act

Summary: Bitmex founder, Arthur Hayes, will not spend a single day in jail for violating the U.S. Bank Secrecy Act. Mr. Hayes has been sentenced to two years probation with the first six months in home confinement. Arthur Hayes also agreed to forfeit $10 million in a plea deal. However, the assistant U.S. attorney for the Southern District of New York has warned that his light sentencing and fine could send the wrong message to crypto exchanges facing possible similar […]